Looking to diversify beyond BKTSX? The mutual funds below have the lowest correlation with BKTSX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BKTSX.
Best Diversifiers for BKTSX
5 mutual funds have low correlation with BKTSX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.08 | 0.14 | 94 | Inflation-Protected Bonds | BKTSX vs VTSPX | |
| iShares Short-Term TIPS Bond Index Fund Class K | -0.01 | 0.09 | 0.11 | 75 | Inflation-Protected Bonds | BKTSX vs BKIPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.15 | 0.13 | 70 | Large Cap Blend Equities | BKTSX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.29 | 0.62 | 0.80 | 60 | Large Cap Blend Equities | BKTSX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.30 | 0.62 | 0.80 | 60 | Large Cap Blend Equities | BKTSX vs QIACX |
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